“MWH Constructors has growth opportunities in the UK and US, and we believe that this deal will enable it to invest, and pursue growth, while continuing to serve clients,” said Stantec president and chief executive Gord Johnston.

“We look forward to having a partner like Oaktree, with strong financial resources, and a desire to invest in our future, as we continue to be the leading global project delivery company in the water sector,” added MWH Constructors president and chief of global operations Blair Lavoie.